Canada, Toyota to invest $567.7M in Ontario

7/6/2011

TORONTO — Automaker Toyota Motor Corp., along with the governments of Canada and the province of Ontario, will invest a total of $567.7 million to upgrade Toyota’s assembly plants in Ontario.

The Canadian federal government and the Ontario government said Tuesday they will each invest in the plants to help create jobs in Ontario, where the auto industry is a key employer but took a beating during the 2008-09 economic downturn.

The investment comes as Toyota’s North American plants work to get back to normal production levels after disruptions in parts supply because of the earthquake and tsunami in Japan in March.